Richard & Scarlett Chang
Richard & Scarlett Chang is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALLEN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 4 grants totaling $77K. Net investment income was $104K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+7.9% YoY
Annual Giving
$77K
+10.0% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$19K
-45.0% YoY
Under IRS private-foundation payout rules, Richard & Scarlett Chang reported a distributable amount of $71K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard & Scarlett Chang
Based on IRS filings
Richard & Scarlett Chang is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALLEN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 4 grants totaling $77K. Net investment income was $104K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,344,511 | $1,246,078 | $1,262,546 |
| Revenue | $186,402 | $61,436 | $102,103 |
| Expenses | $87,724 | $78,149 | $73,718 |
| Qualifying Distributions | $77,000 | $70,000 | $65,000 |
| Net Investment Income | $104,137 | $55,644 | $52,103 |
| Distributable Amount | $70,804 | $62,184 | $61,827 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chinese Christian Fellowship International ($35,000), Christian Renewal Ministries ($30,000), Collin County Chinese Fellowship Church ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHINESE CHRISTIAN FELLOWSHIP INTERNATIONAL PLANO, TX | GENERAL OPERATING FUND | $35,000 |
| CHRISTIAN RENEWAL MINISTRIES MILLTOWN, NJ | GENERAL OPERATING FUND | $30,000 |
| COLLIN COUNTY CHINESE FELLOWSHIP CHURCH PLANO, TX | GENERAL OPERATING FUND | $8,000 |
| LITTLE SHEPHERD FOUNDATION RICHARDSON, TX | GENERAL OPERATING FUND | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD CHANG | CHAIRMAN | 1 | — |
| SCARLETT CHANG | TREASURER | 1 | — |
| ERIC C KO | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard & Scarlett Chang?
Richard & Scarlett Chang is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALLEN, TX. It holds $1.3M in total assets as of 2024.
How large is Richard & Scarlett Chang?
As of 2024, Richard & Scarlett Chang holds $1.3M in total assets with $186K in annual revenue. It awarded 4 grants totaling $77K in 2024.
Where does Richard & Scarlett Chang operate?
Richard & Scarlett Chang has awarded grants in New Jersey, Texas.
What size grants does Richard & Scarlett Chang award?
In 2024, Richard & Scarlett Chang awarded 4 grants totaling $77K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Richard & Scarlett Chang required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard & Scarlett Chang reported a distributable amount of $71K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard & Scarlett Chang's EIN?
Richard & Scarlett Chang's EIN (Employer Identification Number) is 04-3657039. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.